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110 Undercliff Avenue, Edge...

Updated Sep 9, 2024

Prestige Property Group Sells Condo In Edgewater For $1.5M With Kyle Klaus As The Broker
SOLD

Prestige Property Group Sells Condo In Edgewater For $1.5M With Kyle Klaus As The Broker

110 Undercliff Avenue, Edgewater, NJ 07020

$1,500,000

Building Size

Asset Type

Closing

Jan 4, 2022

About this deal

AI

Located at 110 Undercliff Avenue in the Edgewater market, this recently sold condo is a notable property in the area. The transaction took place on January 4, 2022. The sale was facilitated by Kyle Klaus from Prestige Property Group, who represented the seller in the deal.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $1,500,000
  • Address: 110 Undercliff Avenue
  • Square Footage: 25X241
  • Market: Edgewater

The transaction involved a well-maintained condo unit that captivated buyers with its desirable features. With an asking price of $1,499,000, the property eventually sold for $1,500,000. The spacious unit spans a generous 25 feet by 241 feet, providing ample living space.

Kyle Klaus, a representative from Prestige Property Group, played a pivotal role as the seller's agent in this transaction. His expertise and negotiation skills ensured a successful sale for the seller.

Players

Kyle Klaus

Prestige Properties

Broker

$7.4M

vol

5 deals

Broker

Edgewater CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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